This column is reprinted with the publisher’s, Wolters Kluwer, permission from Global Tax Weekly, and originally appeared on page 19, May 3rd edition.
Companies with known underpaid taxes can accrue a significant amount of delinquent interest
and penalties if the unpaid tax amount is substantial and has been increasing over a long period
of time. Therefore, when a company becomes aware that a taxing jurisdiction is offering a tax
amnesty program, they should strongly consider whether taking advantage of the program is right
for their company. This article focuses on the general opportunities and complications associated
with tax amnesty programs. As of the date of this article, Alabama, Connecticut, and Texas have
amnesty programs scheduled for 2018. Given that the Texas Amnesty Program begins May 1,
2018, we will also provide some helpful information about the program later in this article.
Alvarez & Marsal Tax Expands into Thailand with Strategic Senior Hires
September 2, 2025
Firm expansion capitalizes on region’s remarkable growth and demand for sophisticated tax solutions.
With PN2, China’s New Tax Credit for Foreign Reinvestment Offers An Opportunity for Multinational Companies to Recycle Cash for Expansion in China
September 2, 2025
With PN2, China unveiled a new tax credit for foreign investors who reinvest profits from a China subsidiary into qualified equity investments.
China’s Notice 4 Reinstates VAT on Bond Interest Income from new bonds issued on or after August 8, 2025
August 24, 2025
Learn how China’s Notice 4 reinstates VAT on interest income from various bonds issued since August 8, 2025, and the significance for foreign investors.
Managing Director Kevin M. Jacobs Featured in American Bankruptcy Institute Journal
August 21, 2025
The corporate landscape is riddled with uncertainties: fluctuating interest rates, unpredictable tariffs, tax reform and the
application of the “book minimum tax” (BMT). In effect since 2023, this tax could blindside companies with an unexpected bill, significantly impacting restructuring plans.